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Trendlyne Marketwatch
25 Aug 2025, 03:58PM
Market closes higher, Bank of India flags Anil Ambani firms’ loans as fraud
By Trendlyne Analysis

 

 

Nifty 50 closed at 24,967.75 (97.7, 0.4%), BSE Sensex closed at 81,635.91 (329.1, 0.4%) while the broader Nifty 500 closed at 23,052 (60.7, 0.3%). Market breadth is in the red. Of the 2,542 stocks traded today, 1,101 were gainers and 1,408 were losers.

Indian indices closed higher after extending gains throughout the day. The Indian volatility index, Nifty VIX, rose 0.3% and closed at 11.8 points. NBCC closed higher after securing a Rs 3,700 crore order from the Government of Rajasthan to design and build the Rajasthan mandapam convention centre.

Nifty Smallcap 100 closed flat, while Nifty Midcap 100 closed higher. Nifty IT and BSE Tech were among the top index gainers today. According to Trendlyne’s sector dashboard, Software & Services emerged as the best-performing sector of the day, with a rise of 2.2%.

Asian indices closed higher. European indices are trading in the red, except for the UK's FTSE 100. US index futures are trading lower, indicating a negative start to the trading session. Investors await Nvidia earnings due later this week. Brent crude futures are trading higher on concerns that Russian oil supply could be disrupted by potential additional US sanctions and Ukrainian attacks on energy infrastructure.

  • Money flow index (MFI) indicates that stocks like HBL Power Systems, Maruti Suzuki, UNO Minda, and Kalpataru Projects are in the overbought zone.

  • Bharat Bijlee rises sharply as its board of directors approves the expansion of its Airoli factory to 35,000 mega volt-ampere (MVA) from 28,000 MVA, with a capex of Rs 65 crore.

  • ACME Solar rises as its board of directors schedules a meeting on August 27 to consider raising funds by issuing equity shares or other securities.

  • Indian Renewable Energy Development Agency rises as it signs a performance-based memorandum of understanding (MoU) with the Ministry of New and Renewable Energy (MNRE). The agreement sets a revenue target of Rs 8,200 crore for FY26, implying a 22% topline growth.

  • B. Thiagarajan, MD of Blue Star, expects room air conditioner (RAC) sales to exceed the earlier forecast of 10–15% growth this fiscal year, potentially reaching 20%. He attributes this to government plans to cut the current 28% consumption tax. The tax reduction is expected to boost demand in India’s price-sensitive market, offering relief to dealers and manufacturers hit by a cooler summer.

  • JSW Steel receives a demand notice worth Rs 1,472.7 crore from the Government of Odisha for mining dues from the Jajang Iron Ore Block.

  • NBCC secures a Rs 3,700 crore order from the Government of Rajasthan to design and build the Rajasthan mandapam convention centre.

  • Jefferies initiates coverage on Cohance Lifesciences with a ‘Buy’ rating and a target price of Rs 1,150. The brokerage believes Cohance is well-positioned to benefit from antibody drug conjugate (ADC) industry tailwinds, helped by a strong pipeline and multiple growth levers. It projects a revenue CAGR of 20% over FY26–28.

  • Fitch reaffirms India’s rating at 'BBB-' with a stable outlook, highlighting strong economic growth and solid external finances. The agency projects GDP growth of 6.5% for FY26, supported by government capital spending and steady private consumption. It also expects the 50% US tariff on Indian goods to gradually be lower through negotiations.

  • NSE replaces IndusInd Bank with InterGlobe Aviation and Hero MotoCorp with Max Healthcare Institute in the Nifty 50 index as part of its semi-annual rebalancing, effective September 30.

  • IDBI Bank is rising as the Securities and Exchange Board of India (SEBI) approves the reclassification of Life Insurance Corp of India as a public shareholder in IDBI Bank. This will enable LIC to make a strategic stake sale in the company.

  • JK Paper and West Coast Paper Mills rise sharply as the Directorate General of Foreign Trade (DGFT) imposes a minimum import price (MIP) of Rs 67,220 per metric ton (MT) on virgin multi-layer paper board (VMPB) to curb cheap imports. VMPB is used in packaging for pharmaceuticals, FMCG, food and beverages, electronics, and the cosmetics industry.

  • Hospitality chain OYO reportedly plans to file its draft red herring prospectus (DRHP) in November and is expected to present the IPO proposal to its board next week. The travel tech firm has intensified talks with key banking partners recently, with a valuation guidance of $7–8 billion (Rs 58,000–66,000 crore), pricing shares at Rs 70 each. This implies a valuation of around 25–30 times its EBITDA.

  • Reliance Communications, Reliance Infrastructure, and Reliance Power hit their 5% lower circuit after Bank of India classify their loans, along with those of directors, including Anil Ambani, as fraud. A forensic audit by BDO India flagged the diversion of part of a Rs 700 crore loan between 2013 and 2017.

  • GlaxoSmithKline Pharmaceuticals is rising as it enters the oncology market in India with the launch of Jemperli and Zejula for treating advanced endometrial and ovarian cancers.

  • JM Financial downgrades ITC Hotels to a 'Sell' call with a target price of Rs 215 per share. The brokerage believes the company's near-term growth remains restricted, with no new assets being commissioned until FY28. It expects EBITDA to decline at a CAGR of 13% over FY26–28 from 22%.

  • Motilal Oswal initiates coverage on KPIT Technologies with a 'Buy' rating and a target price of Rs 1,600. The brokerage believes the company is well-positioned to benefit from growing vehicle software complexity, thanks to partnerships with 25+ OEMs and tier-1 suppliers. EBIT margins are expected to improve from 17.1% in FY25 to 19% by FY28, driven by scale and acquisitions like Caresoft, which could add ~5% to revenue.

  • Star Cement is rising as its North Eastern arm emerges as the preferred bidder for mining lease of the Parewar (SN-IV) Limestone Block in Jaisalmer, in an e-auction held by the Government of Rajasthan.

  • Mazagon Dock is rising as the Indian government gives clearance to the Defence Ministry and the firm to begin negotiations with Germany's Thyssenkrupp Marine for a deal to build six submarines. The project is valued at nearly Rs 70,000 crore. The two companies had signed a memorandum of understanding (MoU) in June 2023 for the construction and delivery of six submarines for the Indian Navy.

  • Brigade Enterprises is rising as it launches a residential project in Bengaluru covering 9.4 lakh square feet with a revenue potential of Rs 950 crore.

  • Ola Electric Mobility rises following reports that the Niti Aayog will hold a meeting with leading two-wheeler makers to boost the adoption of electric motorcycles. Electric scooters now make up nearly 15% of their segment (one-third of India’s two-wheeler market), while electric motorcycles lag far behind with a 0.1% share. This gap poses a significant challenge to the government’s broader EV adoption goals.

  • Ceat rises as its subsidiary, CEAT OHT Lanka, enters an agreement with the Board of Investment of Sri Lanka (BOI) to invest $171 million (~ Rs 1,495.1 crore) to expand off-highway tyre (OHT) and tracks manufacturing capacity in Sri Lanka.

  • YES Bank is rising as the Reserve Bank of India approves Sumitomo Mitsui Banking Corporation to acquire up to 25% of its share capital and voting rights.

  • Godrej Properties is rising as it sells over 683 homes worth Rs 1,000 crore in its newly launched Hyderabad project, Godrej Regal Pavilion. The project spans ~4.1 million sq. ft. and has an estimated revenue potential of Rs 3,600 crore.

  • GMR Power and Urban Infra's board of directors approves raising Rs 3,000 crore by issuing securities through a qualified institutional placement (QIP) or other modes.

  • Nifty 50 was trading at 24,923.80 (53.7, 0.2%), BSE Sensex was trading at 81,501.06 (194.2, 0.2%) while the broader Nifty 500 was trading at 23,043.40 (52.1, 0.2%).

  • Market breadth is in the green. Of the 2,112 stocks traded today, 1,322 were gainers and 707 were losers.

Riding High:

Largecap and midcap gainers today include Jubilant Foodworks Ltd. (647.80, 4.6%), Hyundai Motor India Ltd. (2,472.40, 4.5%) and Zydus Lifesciences Ltd. (1,023.15, 3.5%).

Downers:

Largecap and midcap losers today include Hitachi Energy India Ltd. (19,450, -2.1%), Bajaj Holdings & Investment Ltd. (13,265, -2.1%) and Mankind Pharma Ltd. (2,557.10, -1.9%).

Volume Shockers

23 stocks in BSE 500 are trading on high volumes today.

Top high volume gainers on BSE included Action Construction Equipment Ltd. (1,080.50, 9.7%), eClerx Services Ltd. (4,238.80, 8.8%) and Newgen Software Technologies Ltd. (920.75, 6.3%).

Top high volume losers on BSE were Emami Ltd. (585.45, -4.3%), Crisil Ltd. (5,199, -2.2%) and Aster DM Healthcare Ltd. (600.70, -0.3%).

Minda Corporation Ltd. (512.85, 1.0%) was trading at 7.3 times of weekly average. Kirloskar Brothers Ltd. (2,017, 3.8%) and YES Bank Ltd. (19.55, 1.4%) were trading with volumes 6.6 and 5.7 times weekly average respectively on BSE at the time of posting this article.

BSE 500: highs, lows and moving averages

13 stocks overperformed with 52 week highs, while 1 stock hit their 52 week lows.

Stocks touching their year highs included - eClerx Services Ltd. (4,238.80, 8.8%), Maruti Suzuki India Ltd. (14,452, 0.7%) and TVS Motor Company Ltd. (3,284.70, -0.3%).

Stock making new 52 weeks lows included - Cohance Lifesciences Ltd. (898.25, 1.5%).

18 stocks climbed above their 200 day SMA including Mastek Ltd. (2,601.30, 4.5%) and PTC Industries Ltd. (14,232, 3.4%). 9 stocks slipped below their 200 SMA including Emami Ltd. (585.45, -4.3%) and Crisil Ltd. (5,199, -2.2%).

 
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